External broker reports(aggregated public sources), Topline Securities

Topline Securities

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Macroeconomics

<ul><li>IMF has released its detail report pertaining to second review of the Pakistan under Extended Funded Facility (EFF) and first review of Resilience and Sustainability Facility (RSF).</li><li>As per report, Pakistan has met 6 out of 7 Quantitative Performance Criteria (QPC) and 4 out of 8 Indicative Targets (ITs).</li><li>The one QPC which wasn’t met was a very minor miss of floor on spending on targeted cash transfer spending (BISP) target of Rs599bn while actual spent was Rs598bn, a miss of Rs463mn or 0.0004% of GDP.</li></ul>

IMF has released its detail report pertaining to second review of the Pakistan under Extended Funded Facility (EFF) and first review of Resilience and Sustainability Facility (RSF).As per report, Pakistan has met 6 out of 7 Quantitative Performance Criteria (QPC) and 4 out of 8 Indicative Targets (ITs).The one QPC which wasn’t met was a very minor miss of floor on spending on targeted cash transfer spending (BISP) target of Rs599bn while actual spent was Rs598bn, a miss of Rs463mn or 0.0004% of GDP.

Pakistan Market - IMF Program; 11 New Structural Benchmarks; US$250mn Panda Bond Launch Likely